(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.


Staff members of the BIDV Hoa Binh branch have stepped up credit disbursement to support production and business activities of local enterprises.

The branch has mobilized over 3 trillion VND (132.1 million USD) of capital since the beginning of 2018, equivalent to 86 percent of this year’s target. Its credit provision has also grown as planned. By the end of the first quarter, outstanding loans of BIDV Hoa Binh exceeded 3.26 trillion VND (143.6 million USD), up 0.07 percent from the end of 2017, equal to 222.26 billion VND. Specifically, outstanding loans for businesses exceeded 2 trillion VND (88.1 million USD) and for individual clients came to nearly 1.24 trillion VND (54.6 million USD). Meanwhile, medium- and long-term credit was about 1.55 trillion VND (68.3 million USD), accounting for 46.1 percent of total outstanding loans.

Aside from boosting credit growth, BIDV Hoa Binh has also paid special attention to credit quality. Its bad debt, estimated at 32.14 billion VND (1.4 million USD), now accounts for only 0.95 percent of total outstanding loans.

The branch’s services are assessed as relatively good, bringing in net revenues of 3.79 billion VND (167,000 USD) in the first quarter, including 1.21 billion VND (53,300 USD) from the guarantee service and 1.58 billion VND (69,600 USD) from payment service.

Meanwhile, activities pertaining to payment, cash circulation, treasury and network development have also received due attention from the branch.

BIDV Hoa Binh currently has five transaction offices and 10 ATMs, including six machines in Hoa Binh city, three in Luong Son district, and one in Cao Phong district.

The number of points of sale (POS) accepting BIDV cards has been maintained at shopping centres. There are 20 such machines in the province at present./.

 

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